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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Guinea Insurance completes recapitalisation, says ready for business

GUINEA Insurance Plc has announced the successful completion of its recapitalisation programme, saying the exercise has strengthened its financial capacity and positioned the company for its next phase of growth. The insurer disclosed this in a statement issued in Lagos on Friday, assuring shareholders, policyholders, brokers, investors and other stakeholders that it is fully positioned […]

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Aug 14, 2026 post

Universal Insurance secures N7.13bn investment to meet recapitalisation target

UNIVERSAL Insurance Plc has disclosed plans to raise N7.128 billion in fresh equity capital from FPNG Co-Nvest Limited as it works to complete the ongoing insurance industry recapitalisation process. The insurer disclosed this in a market update issued on August 14, 2026, following a request by NGX Regulation Limited (NGX RegCo) for clarification after a […]